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80 Group Financial Statements Cash Flow Statement/Statement of Changes in Equity Group Cash Flow Statement in € millions 2009 2008 EBIT (earnings before interest and taxes) 694 777 Taxes paid (230) (231) Depreciation and write-ups of non-current assets 1,103 1,138 Capital gains/losses (13) 1 Change in provisions for pensions and similar obligations (65) (46) Change in other provisions 41 22 Other effects (3) 36 Change in net working capital 250 92 Cash fl ow from operating activities 1,777 1,789 – thereof from discontinued operations – 83 Investments in: – intangible assets (199) (238) – property, plant and equipment (249) (389) – fi nancial assets (57) (158) – purchase prices for consolidated investments (net of acquired cash) (157) (310) Proceeds from disposal of investments (18) 608 Proceeds from disposal of non-current assets 125 110 Contribution to/withdrawals from pension plans 10 (39) Cash fl ow from investing activities (545) (416) – thereof from discontinued operations (22) 581 Proceeds from bonds and promissory notes 806 599 Redemption of bonds and promissory notes (875) (96) Change in other fi nancial debt (67) (791) Interest paid (339) (365) Interest received 62 87 Change in shareholders' equity (2) (14) Dividends to Bertelsmann shareholders and minorities (270) (288) Additional payments to minorities in partnerships (IAS 32.18b) (56) (49) Cash flow from financing activities (741) (917) – thereof from discontinued operations - (34) Change in cash and cash equivalents 491 456 Currency effects and other changes in cash and cash equivalents 11 (4) Cash and cash equivalents at 1/1 1,583 1,131 Cash and cash equivalents at 12/31 2,085 1,583 The previous year’s figures of discontinued operations have been adjusted for the amounts resulting from businesses, which were reclassified as continuing operations according to IFRS 5.36. Details of the Cash Flow Statement are set out in note 27. Change in Net Financial Debt in € millions 2009 2008 Net fi nancial debt at 1/1 (3,445) (4,282) Cash fl ow from operating activities 1,777 1,789 Cash fl ow from investing activities (545) (416) Interest, dividends and changes in equity, additional payments (IAS 32.18b) (605) (629) Currency effects and other changes in net fi nancial debt 25 93 Net fi nancial debt at 12/31 (2,793) (3,445) Net financial debt is the net of cash and cash equivalents and financial debt. Bertelsmann Annual Report 2009
Company | Group Management Group Financial | Corporate Governance | Report of the | Boards/Mandates | Additional Information Report Statements Supervisory Group Statement of Changes in Equity in € millions Subscribed capital Bertelsmann Annual Report 2009 Capital reserve Other retained earnings Currency translationdifferences Board Other comprehensive income 1) Share- Availablefor-sale fi nancial assets Cash fl ow hedges Actuarial gains/ losses on defi ned benefi t plans Share of other comprehensive income of at-equity consolidatedinvestments holders' equity Minority interest Balance as of 1/1/2008 1,000 2,345 2,447 (532) 37 (43) (291) 7 4,970 1,154 6,124 Adjustment – – – – – – – – – 17 17 Balance as of 1/1/2008 (adjusted) 2) Income Statement Statement of Comprehensive Income Balance Sheet Cash Flow Statement Statement of Changes in Equity Notes 1,000 2,345 2,447 (532) 37 (43) (291) 7 4,970 1,171 6,141 Group comprehensive income – – 142 116 (13) 51 (11) (10) 275 131 406 Dividends – – (120) – – – – – (120) (172) (292) Business combinations and other changes – – (50) – – – 33 – (17) (7) (24) Balance as of 12/31/2008 1,000 2,345 2,419 (416) 24 8 (269) (3) 5,108 1,123 6,231 Balance as of 1/1/2009 1,000 2,345 2,419 (416) 24 8 (269) (3) 5,108 1,123 6,231 Adjustment Balance as of – – – – – – – – – 7 7 1/1/2009 (adjusted) 2) 1,000 2,345 2,419 (416) 24 8 (269) (3) 5,108 1,130 6,238 Group comprehensive income – – (82) (29) 19 (7) 47 (4) (56) 120 64 Dividends – – (120) – – – – – (120) (138) (258) Business combinations and other changes – – (68) – – – 15 – (53) (11) (64) Balance as of 12/31/2009 1,000 2,345 2,149 (445) 43 1 (207) (7) 4,879 1,101 5,980 1) Of that, a total of €-2 million as of December 31, 2009 (previous year: €-14 million) is attributable to assets classified as held for sale. 2) The adjustment to the balance as of January 1, 2009 is due to the completion of the Alpha Media Group business combination. The balance as of January 1, 2008 was thus adjusted as a result of the completion of the Radio 538 business combination. Total 81
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Annual Report 2009 Digitization Inn
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Bertelsmann at a Glance Key Figures
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Corporate Divisions at a Glance RTL
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Content 8 - 23 175 Years of Bertels
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8 175 Years of Bertelsmann The Lega
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10 175 Years of Bertelsmann 1835 -
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22 175 Years of Bertelsmann Future
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24 The Management Letter from the C
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26 The Management Letter from the C
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28 The Management Executive Board B
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30 The Group Bertelsmann Essentials
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32 The Group Bertelsmann Essentials
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34 The Group Corporate Responsibili
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38 40 RTL Group 42 Random House 44
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40 Divisions RTL Group RTL Group is
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46 Divisions Arvato Arvato is one o
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48 Divisions Direct Group Direct Gr
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50 Spirit 175 Years Entrepreneurshi
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1 | Portrait, 1971 2 | In New York,
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1 3 imprints have enough to do? How
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F all 1973. The Middle East oil cri
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152 Corporate Governance Corporate
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154 Report of the Supervisory Board
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156 Report of the Supervisory Board
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158 Boards/Mandates Supervisory Boa
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160 Boards/Mandates Executive Board
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162 Responsibility Statement Respon
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Future
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